KKR India Financial Services, Indian non-banking financial company of US private equity firm KKR & Co, has extended debt of Rs 125 crore (USD 19 million) through a three-year credit facility to Accord Builders, a part of the Mumbai-based Omkar Realtors group, as reported by The Economic Times & Mint. The funds are to be utilised for construction and development of two residential projects in Mumbai.

Dutch development bank, FMO has raised close to Rs 200 crore (approximately $30.5 million) in debt through subscription of non-convertible debentures issued by renewable energy firm Azure Power India, as reported by Mint.

"GMR Goa International Airports Limited (GGIAL), subsdiary of GMR Airports has today, successfully executed a debt facility arrangement for the development of the greenfield project at Mopa in north Goa by signing a common loan agreement with Axis Bank. The bank will provide the company with Rs 1330 crore," reported the Economic Times.

"A week after the Essar group signed a mega $12.9bn deal to sell Essar Oil and Vadinar Port to Rosneft of Russia, three banks — ICICI Bank, Axis Bank and Standard Chartered Bank — have received over $2.5bn (around Rs 16,750 crore) from the Essar group towards repayment of loans to Essar Global,” reported the Indian Express.

"Piramal Fund Management Pvt. Ltd will invest Rs 2,320 crore in Lodha Developers Pvt. Ltd’s signature World Towers project in central Mumbai, it what is probably the single largest debt financing deal in Indian real estate. A part of this money will be used to repay debt and the remaining will be used to complete construction of the project."

Trilegal Mumbai partner Ameya Khandge and Sidhharth Saxena acted for OPIC The two-year-old CII supports small business lending, microfinance, food & agriculture and affordable housing business in India, according to Business Insider.

Linklaters and Talwar Thakore Associates (TTA) advised the lending and underwriting banks on Tata Steel UK Holdings, which took a term loan and revolving credit facilities of $3.05bn to refinance its bank debt.

Linklaters London partner Narayan Iyer, who had rejoined Linklaters a year ago from TTA, and Singapore partner Philip Badge, and capital markets partner Kevin Wong and TTA partner Rahul Gulati acted for the banks.

JSA and Slaughter & May advised Tata.

The new financing structure consists of a five-year loan of a €370 million, a six-year revolving credit facility for working capital of £700 million and a seven-year loan of €1.8 billion, with more favourable terms and pricing relative to the earlier debt, reported Mint.